Investment Organizations: Should You Hire One?

Most high-net-worth individuals, when they have $5 million to $500 million in liquid assets, assume that their wealth is enough to last the rest of their life. However, this can turn out to be a big mistake. For starters, no one really knows how long they will live. $500 million may be enough to last you the next 50 years, but what will you do if you end up living 10, 20 or even 30 more years after that? Similarly, you also have to take into account the effects of inflation. $5 million today won’t hold the same value twenty years from now, and as a result, you will have to start making sacrifices in your retirement just to save your wealth for a little while longer. Likewise, there are a hundred other things to think about which can affect your retirement and financial goals. The only way out is to grow your assets with the help of investment organizations. High-net-worth individuals and families looking to invest their $5+ million worth of liquid assets can learn more about it by requesting a copy of our book, 7 Secrets to High-Net-Worth Investment Management, Estate, Tax and Financial Planning.

STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION

 

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

 

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

If you still have further questions, you can connect with one of the advisors at Pillar Wealth Management. We deal exclusively with high-net-worth and ultra-high-net-worth families and individuals who are interested in investing $5 million to $500 million worth of liquid assets. Our extensive experience of more than thirty years with such a clientele has equipped us with the skills to help such individuals overcome their unique financial challenges. In order to do this, we also offer various services such as investment and portfolio management, tax optimization, risk management, debt management and much more.

In this blog, we’ll be going over whether you need to hire investment organizations, how you can find good investment organizations, and how much money you need to meet one. Let’s get started.

Should I Hire Investment Organizations?

When you have $5 million to $500 million in liquid assets at stake, it can be daunting to trust someone else with the important financial decisions regarding your wealth. However, to make these decisions yourself, or worse, not do anything at all, is even riskier.

You could risk losing all your assets before you even reach retirement or fail to meet your financial goals and fulfill your dreams. We suggest reading our comprehensive guide on portfolio performance to learn about the intricacies involved in creating a perfect portfolio and executing it for financial success.

So, you are better off hiring investment organizations to help you grow your assets and sustain your wealth throughout your lifetime as well as your children’s life. Here’s how they can help you.

Portfolio Design

Investment management is a long and complicated procedure. You have to figure out exactly which assets to invest in and at what time as well. You have to study each potential investment carefully, evaluating its risks and returns, forecasting its performance over time, and how well that investment will help you with your own goals.

All this requires extensive experience and expertise that is usually only found with investment organizations. They will carry out the necessary research and analysis and study the market to find the ideal investment options for you.

Customized Plans

When it comes to investment management, simply investing your wealth is easy. However, investing in such a way that they align with your short and long-term goals is quite hard. Everyone can have different goals and targets, and they might even be some vague life aspirations.

However, either way, your investment advisor will take the time to understand your goals and then devise an investment plan accordingly. They will make sure all your investments are helping you meet your targets. Learn about some of the other shifts you need to make to improve your portfolio performance from our exclusive guide on portfolio growth strategies.

Retirement Planning

One of the biggest reasons why you need to work with investment organizations is that they help with retirement planning. Most of your other financial activities, such as retirement planning and estate planning, will directly depend on your investment management only. Therefore, if you want a financially secure and happy retirement, you will need to enlist the help of a good investment organization.

Your investment advisor will plan your strategy in such a way so as to build your savings and establish some sort of income for you even after you’re retired so that you don’t have to worry about running out of money. They will adjust your investment strategy according to how close you are to retirement and depending on various other factors.

Asset Allocation and Portfolio Diversification

With investments, there’s always high levels of risk as well, and this one of the hardest things to manage. On your own, you can’t eliminate risk completely from your portfolio, and this leaves you exposed to many dangers and chances of losing your wealth.

However, an investment organization can help minimize that risk using various strategies. They can create a diverse portfolio with investments across different companies. But, despite what many people may believe, that is not enough.

That’s why your investment advisor will develop the right asset allocation as well to further ensure that your portfolio carries minimal risk. At Pillar Wealth Management, we use more than 100 years of market data to test our client’s portfolios and ensure that they are prepared to face any situation without risking their assets.

You can set up a quick chat with our advisors to learn more about it or order a free hardcover copy of our book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million.

Investment Organizations

Adjusting Portfolios

Simply creating a portfolio of investments is not enough. Over time, the market situation can change, leaving certain assets exposed to more risk or making certain investments less profitable. Similarly, your personal goals and targets can change as well. You might want to buy a second house or plan to travel after retirement.

Therefore, as these things change, you will have to adjust your portfolio and investment strategy accordingly. Working with an investment organization, your investment advisor will keep an eye on these changes and make the necessary adjustments so that you are always on the path to financial success.

Fiduciary Services

As mentioned earlier, it’s also quite hard to trust someone else to guide you on these big financial decisions. However, you don’t necessarily have to worry about that with investment organizations. Most of them offer fiduciary services where they are held to a strict standard of care. They must prioritize your best interests above their own.

As a result, you can always trust them to guide you towards the best options, even if it means a potential loss or high risk for them. Moreover, they also have to disclose all relevant information such as all benefits, drawbacks, conflicts of interest, etc., so you are always in the loop. Book a free chat with our fiduciary financial advisors today.

Financial Serenity

Most importantly, you should hire an investment organization for financial serenity. This is not just satisfaction with how your assets are being handled. This is complete trust and belief that your advisor is handling everything expertly, and you truly have nothing to worry about.

If you want, you won’t even have to lift a finger, and your advisor will be managing all your investments on their own. You won’t have to worry about risks or going bankrupt, or heading towards an uncertain retirement because you will fully trust your advisor and their expert skills.

How Do I Find a Good Investment Organization?

The toughest part is yet to come. It’s easy to come to the decision to hire an investment organization. However, finding a good one that actually suits someone of your caliber and your specific needs requires some effort.

You can learn to find such investment organizations by requesting a free copy of our book, 7 Secrets to High-Net-Worth Investment Management, Estate, Tax and Financial Planning.

Run a Background Check

The first thing high-net-worth individuals should do is run a background check on the investment organization. This background check will reveal a lot of important information that will help you sort out good investment organizations from not-so-good ones.

For instance, with this background check, you can go through the firm or advisor’s licenses and certifications to ensure they have had the proper training. You can check whether they are fiduciaries. You can even check if the firm has had any past cases or violations.

Check Their Experience

Once they are clear in the background check, you have to check their experience. As a high-net-worth individual, you need to work with the best of the best, and this is only possible when the organization has years and years of experience.

Therefore, when choosing an investment firm, make sure they have been operating for at least a couple of decades or two, as this is a sign that they have the right expertise and skills to help you meet your goals.

Ask the Right Questions

Finally, you need to meet them and ask the right questions. This will also help you get a much clearer idea of what kind of organization you are dealing with. For instance, you can ask them about what costs you can expect to face, and if they don’t outline the different expenses you will have to bear along with a strategy to reduce them, you might want to reconsider your decision.

Similarly, you can ask them how they plan to help you achieve your goals and targets, what kind of a timeline you can expect, and so on.

How Much Money Do You Need to Hire Investment Organizations?

There’s no fixed amount that you need to have before hiring an investment organization. Even if you have $10,000 that you are willing to invest, you should consider meeting with an investment organization.

However, certain investment firms do have a cut-off, and they strictly cater to a certain type of clientele only. If you have $5 million or more in liquid assets that you are looking to invest, you should consider these investment firms as they will be much more skilled at handling your assets.

Working with Investment Organizations

As you must have realized by now, working with the right investment organization is crucial for your financial success and security. As a high-net-worth individual with $5 million to $500 million in liquid assets, you simply might not have the time or skills required to execute your investment strategy perfectly. That’s where these investment organizations come in. However, you can’t just choose any organization. You have to find the one that works best for you and your specific needs.

At Pillar Wealth Management, we spend a lot of time with each client to understand their needs and unique financial position. Then, based on that, we help them develop a comprehensive and customized investment plan that caters to all their needs and goals. Our advisors are always available to answer their questions and sort out their investment needs. Along with investment management, we also offer retirement planning, financial planning, tax optimization, estate planning and other services for holistic wealth management. Click here to book a free meeting with our advisors today.

Authors

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

More from authors.

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